Mitshi India Ltd — Important, 01-01-1970: Company Update

Mr. Karronn Naresh Bajaj has launched an open offer to acquire an additional 26% stake in Mitshi India Limited at ₹15 per share, following an agreement to purchase 15.57%. This mandatory offer aims to acquire up to 22.88 lakh equity shares, valuing the offer at ₹3.43 crore. The acquisition will result in Mr. Bajaj gaining control and becoming the new promoter. He plans to continue and support Mitshi India's existing agricultural trading business. The offer price of ₹15 is a premium to the last market price of ₹13.42. Mitshi India's financials show declining revenue, with FY26 revenue at ₹2.77 crore and negligible profit.